Gold World News Flash |
- The Dollar is Going to ZERO – Woody O'Brien
- Precious Mogambo Time (PMT)
- Peter Schiff: America Heading Towards a Collapse Worse Than 2008 AND Europe!
- The Gold Price Merely Moved Sideways Today Bull Market Remains Buy the Drops
- 'Powers that be' are obstructing gold's ascent, Tocqueville's Hathaway tells King World News
- Gold Final Leg of Triangle Possibly Underway
- Things That Make You Go Hmmm…
- Hathaway: Gold Manipulation - Banks Are Agents Of The State
- Guest Post: Government Employees, Unions, And Bankruptcy
- Silver Update 7/17/12 Silver Manipulation
- Saut: The World Is In Its 3rd Super Cycle In The Past 200 Years
- Gensler on LIBOR & PFG: Market Regulators Cannot Prevent All Financial Fraud
- Guest Post: Why I Still Fear Inflation
- On The Verge Of Collapse
- Gold Discoveries Falling Behind Mined Production
- We Don?t Think Gold & Silver Mining Stocks Are Worth Buying Now ? Here?s Why
- How To Lose 75% In One Year
- Gold and Silver Investors Rotating Into Undervalued Junior Explorers
- Sprott's Embry: “I can’t think of a better environment in which to own (physical) gold and silver.”
- The New Depression: The Breakdown of the Paper Money Economy
- Mark Hulbert: Intelligent Bet Remains on Gold
- Gold: The Remonetisation of Gold?
- Dear Gold, Thanks for the Diversification
- Letters From Readers
- They’re Coming For Your Silver
- Gold Seeker Closing Report: Gold and Silver End Slightly Lower
- Marc Faber Says Gold Is Oversold
- Gold Daily and Silver Weekly Charts - Pretty Much Meaningless
- Why should Gold and Silver investors care about the price of oil?
- They’re Coming For Your Silver
| The Dollar is Going to ZERO – Woody O'Brien Posted: 18 Jul 2012 01:30 AM PDT |
| Posted: 17 Jul 2012 11:49 PM PDT July 13, 2012 Mogambo Guru So there I am, minding my own business, standing in my own front yard, yelling at my stupid neighbor "Mental problems? I don't have any mental problems, you whacko! You are the one with serious mental problems! You are the one who is NOT buying gold, silver and oil, even when the nasty Federal Reserve is creating trillions of dollars in new money and credit per year, Right In Front Of Your Stupid Eyes (RIFOYSE), you moron!" So he calmly replies, with a snotty tone of annoyance in his voice, "This is NOT about me or your mental problems. It's about your stupid Mogambo Bunker Of Doom (MBOD) and how you painted it." Painted it? I look over my shoulder at the MBOD and suddenly realize that I, in a clever-yet-forgotten ploy to strike fear into any enemies, had painted "Eat Death!" on the side of it. I instantly recognized the ambiguity of it all, perhaps explaining my neighbor's complaint. "Eat Death"? What the hell was I thinking? Embarrassed to learn that I was at least partially responsible for the whole unpleasant brouhaha, I cleverly changed the subject by saying "Go to hell, you moron!" and went back into the house, satisfied that, once again, I have managed to maintain good relations with the neighbors. It would seem, then, in light of my sincerest efforts to be nice to Earthlings that I secretly loathe, that there is no reason for them to still hate me, but they do! And it's because they are a bunch of halfwits and lowlife scumbags who are not buying gold, silver and oil, even though I have wasted hours upon hours of my Precious Mogambo Time (PMT) telling them that very thing ("You are a bunch of halfwits and lowlife scumbags who are not buying gold, silver and oil!"). Their animosity is, therefore, explained by them painfully seeing that I was correct the whole time about gold, silver and oil, which means that , by logical extension, I was correct about them, too: They ARE a bunch of halfwits and lowlife scumbags! Hahaha! I hope that this explanation clears up all those unfounded allegations, made by screwball neighbors, of my having mental problems. And for reasons that are completely, utterly disconnected from the whole constellation of mental problems that make me so paranoid, cynical, hateful, greedy, nasty, a failure as a father, a sub-par husband, and so-so golfer, I do not hesitate to suggest that you buy gold, silver and oil. Why oil? Well, the last person to ask me that particular question was Larry, at work, and fortunately, I still have my exact response, transcribed verbatim, in the transcript of the Grievance Committee hearing about it, where we learned that "Big Crybaby" Larry's precious little feelings were hurt. Awww. First, the record shows that we all agree that my reply was the pithy and succinct "Because I said so, you halfwitted moron!" In my defense, the record clearly shows that my remarks are fully justified because Larry IS a halfwitted dumb-ass moron who does not know what he should do, and wouldn't understand it if I told him for the thousandth time why he should be buying oil stocks. Thus, I knew that Larry could not understand all the real reasons why he should "buy oil," especially since it was actually unnecessary for him to know why, or why he was going to prosper as a result of following my terrific advice. As a bonus, in a demonstration of raw productivity that made America great, I was also simultaneously trying to give the company's productivity a boost, thus improving our "bottom line", by getting Larry back to his dead-end job as quickly as possible by stopping him from wasting time by asking questions. None of this is in the transcript, including where I noted that I could win the Employee of the Month award if Larry just blindly obeyed me and carried out my every command, like he should. Actually, the reason to buy oil is primarily because it is such a bargain, coming out of the ground almost ready-to-go, with a massive net-energy-per-unit-volume ratio, it is so critically necessary to such a wide range of economically-vital uses, and because of, oh, so many, many other compelling reasons that instead of listing them all, I will use an exclamation point to indicate a surplus of OTHER perfectly-good reasons to buy oil! Especially when one considers the interesting factoid that China is adding more cars to its roads per month than America produces in a year! Gold. Silver. Oil. It's so simple that I laugh out loud, squealing in an excited childish glee that embarrasses the wife and kids when I do it, "Whee! This investing stuff is easy!" 
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| Peter Schiff: America Heading Towards a Collapse Worse Than 2008 AND Europe! Posted: 17 Jul 2012 11:05 PM PDT by Jeff Mackie, Finance.Yahoo.com: According to CEO and Chief Global Strategist of Euro Pacific Capital Peter Schiff, the U.S. economy is heading for an economic crash that will make 2008 look like a walk in the park. Stimulus programs can delay this day of reckoning, but only for so long and only at the expense of making the eventual meltdown much, much worse. Schiff, who famously warned investors about the housing and financial crisis in his 2007 book Crash Proof, says the Fed's palliative efforts during the housing meltdown have made the next crisis inevitable.
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| The Gold Price Merely Moved Sideways Today Bull Market Remains Buy the Drops Posted: 17 Jul 2012 10:45 PM PDT Gold Price Close Today : 1589.10 Change : -2.10 or -0.13% Silver Price Close Today : 2729.20 Change : -00.5 or -0.02% Gold Silver Ratio Today : 58.226 Change : -0.066 or -0.11% Silver Gold Ratio Today : 0.01717 Change : 0.000020 or 0.11% Platinum Price Close Today : 1418.30 Change : 3.50 or 0.25% Palladium Price Close Today : 582.10 Change : 5.55 or 0.96% S&P 500 : 1,363.67 Change : 10.03 or 0.74% Dow In GOLD$ : $166.58 Change : $ 1.25 or 0.76% Dow in GOLD oz : 8.058 Change : 0.061 or 0.76% Dow in SILVER oz : 469.20 Change : 2.96 or 0.63% Dow Industrial : 12,805.54 Change : 78.33 or 0.62% US Dollar Index : 83.02 Change : -0.131 or -0.16% Neither silver nor the GOLD PRICE gave up any secrets today. Gold shaved off $2.10 to end at $1,589.10. Silver lost -- get your microscope ready -- one half cent to close 2729.2. The GOLD PRICE low stretched lower than yesterday at $1,571.80 but the high reached higher, to $1,599. And WHOOPS! There's another one of those funny formations, where gold begins to rise sharply and within a little while is slapped winded and driven down. Jes' an accident, I bet, an artifact, a fluke, or NGM playing around. The SILVER PRICE low came at 2680.5, same as yesterday's, but the high reached higher, to 2759.5. Like it's big brother, silver got slapped around by the Invisible Hand today. Closed slap on the 20 day moving average (2729c). Today's markets merely moved sideways and changed nothing. SILVER and GOLD are marching in place through the summer doldrums. Buy the drops. I may be the king fool of all fools, but because I am I have installed a very, very sensitive hogwash meter so I'm not so easily gulled. Well, I was a-minding my own business today, just leaned back and taking it easy when that hogwash meter started squawking and blowing and the needle pushed clean over past the red. "Man!" I thought, "the presidential campaign must be closing in on Tennessee!" I should have known better, it was just a Bernanke alert. He was blowing smoke to the congress today, and they were all a-posing and a-posturing along with him as if something they did or he said actually made a difference, when they all know 'tain't nothing in the world but Grade A ain't fit for nothing but hogs hogwash. Today Bernanke the Bloviator warned 'em we were sure nuff in trouble if congress doesn't do something to dodge a budget crisis. Yep, unless congress lowers taxes and increases spending, why, the whole blessed economy will fall over the cliff into a recession. Boss Bloviator didn't bother to explain how we would be able to tell the recession then from the one we have now. Cause I'm only a fool, I have to make lists so I can remember things. Yesterday, remember, I gave y'all a list of Verities, and remember Rules 2 and 4: "Second, they care not a hoot for the long run. Like the pseudo-economist Keynes said, "In the long run we're all dead." All they care about is keeping the system running until they get off at 5:00 p.m. Permanent reforms, economic justice, equal opportunity, debt relief, rule of law, all these are just labels to make the public drink the jugs of hogwash. "Fourth, and most important for y'all to understand because it determines the future, massive debt and government deficit spending are not an accident, not an excess of the system, but as organic to it as blood to the human body. Therefore, though they may criticize borrowing and spending, they cannot stop it because they must INFLATE OR DIE. That is the system's nature, and that is why silver and gold offer such promise. They will keep inflating, and inflating drives silver and gold up." Fool that I am, I rest my case. And I dialed down the sensitivity on my hogwash meter. Living only 750 miles from Washington, it'll drive me crazy otherwise. Markets today brought no great surprises. Dollar index continued to erode, down 13.1 basis points (0.17%) to 83.024, but still hanging on by its toes to that 83 mark. Euro took advantage of the dollar's head cold to creep up 0.17% to $1.2292, nothing to write to Brussels about. Yen gave back some of yesterday's gains falling 0.25% to 126.48 cents/100 yen (Y79.06/US$1). Dropped back below the 200 DMA, so that might put the finish to its climb. Stocks bounced up off the bottom boundary of their rising wedge, but this changeth not the picture. Dow gained 0.62% to 12,805.54 (78.33 points) and the S&P500 gained 0.74% (10.03 points) to 1,363.67. A fall lieth in the future. I read a couple of articles that examined a New York Fed study that implied the S&P500 would be 50% lower [sic] were it not for the Fed's actions. Also said that the bulk of stock returns for more than a decade have come from Fed actions. Y'all can read 'em at http://www.cnbc.com/id/48165921?__source=yahoonewsandpar=yahoonews or http://libertystreeteconomics.newyorkfed.org/2012/07/the-puzzling-pre-fomc-announcement-drift.html. Better take a couple of No-Doz or drink a quart of coffee before y'all attempt that second one. Ask yourself: what does that say about the US economy? The US stock market? The limits of Fed or government action? Ain't no markets, ain't no economy, just a cardboard cutout held up by printing money. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com 1-888-218-9226 10:00am-5:00pm CST, Monday-Friday © 2012, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures. NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced. NOR do I recommend buying gold and silver on margin or with debt. What DO I recommend? Physical gold and silver coins and bars in your own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't. 
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| Posted: 17 Jul 2012 10:35 PM PDT 12:32a ET Wednesday, July 18, 2012 Dear Friend of GATA and Gold: Interviewed by King World News, Tocqueville Gold Fund manager John Hathaway says gold should be trading at $2,500 but that "the powers that be" don't want it getting that high and that banks have become "agents of the state." Hathaway's interview is excerpted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/18_Ha... CHRIS POWELL, Secretary/Treasurer ADVERTISEMENT Sona Discovers Potential High-Grade Gold Mineralization From a Company Press Release VANCOUVER, British Columbia -- With its latest surface diamond drilling program at its 100-percent-owned, formerly producing Blackdome gold mine in southern British Columbia, Sona Resources Corp. has discovered a potentially high-grade gold-mineralized area, with one hole intersecting 13.6 grams of gold in 1.5 meters of core drilling. "We intersected a promising new mineralized zone, and we feel optimistic about the assay results," says Sona's president and CEO, John P. Thompson. "We have undertaken an aggressive exploration program that has tested a number of target zones. Our discovery of this new gold-bearing structure is significant, and it represents a positive development for the company." Sona aims to bring its permitted Blackdome mill back into production over the next year and a half, at a rate of 200 tonnes per day, with feed from the formerly producing Blackdome mine and the nearby Elizabeth gold deposit property. A positive preliminary economic assessment by Micon International Ltd., based on a gold price of $950 per ounce over eight years, has estimated a cash cost of $208 per tonne milled, or $686 per gold ounce recovered. For the company's complete press release, please visit: http://www.sonaresources.com/_resources/news/SONA_NR18_2011-opt.pdf Join GATA here: Toronto Resource Investment Conference New Orleans Investment Conference * * * Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006: http://www.goldrush21.com/order.html Or by purchasing a colorful GATA T-shirt: Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009: http://gata.org/node/wallstreetjournal Help keep GATA going GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: To contribute to GATA, please visit: ADVERTISEMENT Prophecy Platinum Announces Wellgreen Preliminary Economic Assessment: Company Press Release VANCOUVER, British Columbia, Canada -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) reports the results of an independent NI 43-101-compliant preliminary economic assessment for its fully owned Wellgreen nickel-copper-platinum group metals project in the Yukon Territory. The independent assessment, prepared by Tetra Tech, evaluated a base case of an open-pit mine (with a mining rate of 111,500 tonnes per day), an on-site concentrator (with a milling rate of 32,000 tonnes per day), and an initial capital cost of $863 million. The project is expected to produce (in concentrate) 1.959 billion pounds of nickel, 2.058 billion pounds of copper, and 7.119 million ounces of platinum, palladium, and gold during a mine life of 37 years with an average strip ratio of 2.57. The financial highlights of the preliminary economic assessment, shown in U.S. dollars, are as follows: Payback period: 3.55 years Prophecy Chairman John Lee says: "We are pleased with the preliminary economic assessment results. The numbers indicate that Wellgreen is one of most exciting mineral projects in the Yukon. The company is drilling to upgrade and expand the resource base. The infrastructure is excellent as the project is only 1,400 meters in altitude and 14 kilometers from the paved Alaska Highway, which leads to the Haines deep seaport. Discussions are under way with support from local stakeholders regarding permitting and logistics." For the complete press release, please visit: http://prophecyplat.com/news_2012_june18_prophecy_platinum_announces_res...
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| Gold Final Leg of Triangle Possibly Underway Posted: 17 Jul 2012 10:26 PM PDT courtesy of DailyFX.com July 17, 2012 02:38 PM Daily Bars Prepared by Jamie Saettele, CMT If a triangle is unfolding from the May low, then the range will tighten for perhaps another few weeks or more before the break. “Gold has oscillated on both sides on 1600 since May 2011. This length of consolidation will probably fuel an impressive break…eventually. The sideways trading from the May 2012 low is taking on the form of a head and shoulders continuation pattern (bearish) but a break below 1548 is needed to confirm. Exceeding 1641 would shift focus to 1671 (May high).” LEVELS: 1548 1554 1570 1600 1611 1625...
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| Posted: 17 Jul 2012 10:14 PM PDT In today's Outside the Box, the ever-philosophical Grant Williams introduces us to the ancient and profound art and science of alchemy – "the original 12-step program," as he calls it, the avid pursuit of übernerds from Hermes Trismegistus to Isaac Newton to (believe it or not) John Maynard Keynes, who referred to certain early works of econometrics as statistical alchemy (and some still are!). And we should not forget Carl Jung, who wrote the seminal workPsychology and Alchemy (for those who do not sleep or are looking for something to put you to sleep: [URL]http://en.wikipedia.org/wiki/Psychology_and_Alchemy[/URL]). Grant notes that, in contrast to the mechanically and spiritually laborious (not to mention ultimately futile) process of transmuting lead into gold, the steps to convert paper into money are only two: (1) Plugging and (2) Pushing. Nevertheless, he says, the fervid attempts by latter-day magi to concoct a successful outcome to our present economic crisis a...
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| Hathaway: Gold Manipulation - Banks Are Agents Of The State Posted: 17 Jul 2012 10:03 PM PDT  Today four-decade veteran John Hathaway told King World News, "People have talked about gold manipulation ... There is tremendous corruption in the banking system, and I think the banks are now essentially agents of the state, more than they ever have been." The prolific manager of the Tocqueville Gold Fund also warned, "... people are concerned that their liquid assets are not safe," and "... there is enough in the system, right now, to justify gold trading well above $2,500." Here is what Hathaway had to say: "All of us look at the fundamentals and say, 'How can gold not be $2,500?' I remember back in 2008, and I asked myself, how can gold not be at a much higher number? What I learned then is the causes for gold to be trading higher are there, but you don't get instant gratification in this game."
This posting includes an audio/video/photo media file: Download Now |
| Guest Post: Government Employees, Unions, And Bankruptcy Posted: 17 Jul 2012 09:06 PM PDT Submitted by James E. Miller of the Ludwig von Mises Institute of Canada, During an economic boom, exuberance finds itself lodged in all types of industries. When profits soar, so does the public's disregard for prudence. And as tax revenues rise, politicians can't help but give in to their bread and butter of buying votes. Periods of accelerated economic growth typically come in two different forms. If capital is drawn from a pool of real savings to finance investment in more efficient forms of production, the boost in wages and income will be sustainable as long as consumers remain willing to purchase whatever is being produced in greater amounts. In the case of a credit-expansion boom fueled primarily by fractional reserve banking and interest rate manipulation through a central bank, the boom conditions are destined toward bust. Liquidation then becomes necessary as the bust gets underway and malinvestments come to light. For private industry it means slashing costs, laying off workers, and possible bankruptcy to discharge debt. For government, it typically means shoring up the lost revenue due to unemployment by raising taxes and promising to cut spending by some significant amount. Usually those promised cuts never come to fruition. Political reelection hinges too much upon filling the pockets of voter blocs. When private enterprise tightens its belt, the state hardly bats an eye since its revenue is dependent on how much it decides to fleece from taxpayers in any given year. Some levels of government aren't so lucky however. Without ready access to a printing press or eager creditors, local municipalities in the U.S. are facing tough choices as the Great Recession drags on. Unable to cope with the rising cost of providing public services, many cities are taking drastic action. Three major cities in California have recenlty declared bankruptcy; including San Bernardino which is the second largest city to do so in recent history. The city council of Detroit, which is facing about $12 billion in pension and benefit obligations, has voted to allow a state advisory board to assist the former manufacturing powerhouse grapple with a fiscal future that is anything but promising. North Las Vegas, Nevada is facing the same kind of hurdle with a gaping $30 million budget deficit. According to Mayor Sharon Buck, "We've balanced our budget, we've paid all of our bills [and] all of our bonds are paid…Our biggest issue is salaries and compensation and benefits. And they're very unsustainable." Most recently, the mayor of Scranton, Pennsylvania cut the wages of city workers to the state's minimum wage of $7.25 an hour. The unions which represent the city's firefighters, police officers, and other public workers are taking the issue to court. In carrying out such a drastic pay cut, Mayor Chris Doherty defied a previous court order. The unions' attorney called the defiance "incredible." The president of the International Association of Fire Fighters, Local 60, lamented that "there are kids working at ice cream stands earning more than their fathers, which is ridiculous." In actuality, there is nothing ridiculous about Mayor Doherty's behavior. The city is out of money to pay its workers. After riding the taxpayer-funded gravy train, the trip has come to an abrupt end. The mayor can't pay money he doesn't have. In his words "I can't print it in the basement." But to this writer, Doherty didn't go far enough in cutting the pay of city workers. In a just world, public sector workers would be paid the rightful amount equal to their contribution to society: zero dollars an hour. If production is to entail mutual exchange and careful consideration toward profit and loss accounting, then government produces nothing without a negative effect on some individuals. The government worker is paid solely through whatever funds were forcefully taken from actual producers of wealth. The kid working in an ice cream stand whom the president of the firefighter's union referred to is providing a valued service to society. His pay is based off of whatever marginal revenue he brings in. The firefighter paid by tax dollars is a functioning leech whose pay is totally separated from any measure of consumer satisfaction. Government workers have little, if any, incentive to serve the public in an efficient or convenient manner. In America, police have no legal obligation to assist you. And if you think the local fire company will be there at your beck and call, just ask Gene Cranick of Tennessee who watched his house burn down with fire crews standing by as he neglected to pay a $75 dollar fee beforehand. The selfless civil servants simply watched the spectacle of a man's home being destroyed even as Cranick offered to pay the fee for service right then and there. Compare this to the private, for-profit firefighting that existed in many towns in 19th century America. As urban historian Mark Tebeau describes it in an interview with NPR's Robert Siegel nearly two years ago: SIEGEL: Now, I read this today – and you tell me if there's any truth to it -that sometimes competitive fire brigades in their zeal to be the one to put out fire, maybe to get an award or be backed by an insurer, might actually have played a little defense against another competing fire company. Prof. TEBEAU: Yeah. They would race to the fires. This reflected community tensions of the era, as well as a sort of manly pride in being first not only to get to the scene, but first to put the fire out. No doubt Cranick, who found himself on the wrong end of government's over-bureaucratization, would have jumped for joy at the prospect of multiple fire brigades rushing to save his home. By virtue of its monopoly on coercion, the public sector exists wholeheartedly at the expense of society. Worse are the unions that piggyback off this extortion and kick taxpayers in the gut even harder just to take a few extra dollars out of their wallets. Unions remain empowered through their government-granted privilege of forcing employers to bargain with them; including the various levels of government. But this only scratches the surface to the despicable nature of both private sector and public sector unions. As libertarian economist Walter Block notes: Yes, unions are disgusting and repulsive institutions, as the right side of the political spectrum properly emphasizes. They restrict entry into the labor market, and either beat up potential competitors who they characterize as "scabs" (where are the politically correct opponents of hate speech when we need them?), and/or get the government to do this evil deed for them, via legislation such as the Wagner Act which forbids employers from hiring replacement workers on a permanent basis. What the city of Scranton has in common with San Bernardino, Detroit, et al. is that its dire fiscal condition is due to one thing and one thing only: benefits promised to unionized workers. For decades, public sector workers and their professionally dressed cohorts in plunder known as union representatives have operated under the fallacious assumption that government is the gift that never stops giving. But in today's environment of economic stagnation, their dreams of living off of stolen fruits of labor are thankfully starting to represent reality. Whole countries in the European Union are beginning to crumble under the weight of their bloated government workforces and entitlement programs. American cities are currently facing up to the extravagant benefits promised to public workers. In a mater of years, Illinois and California will likely follow. To quote Pat Buchanan," The salad days of the government employee are coming to an end, as they have already in Greece, Italy and Spain." To those sick and tired of the tax-eater mentality that is destroying the very core of society's productive capacity and moral base, those days can't come soon enough.
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| Silver Update 7/17/12 Silver Manipulation Posted: 17 Jul 2012 09:04 PM PDT |
| Saut: The World Is In Its 3rd Super Cycle In The Past 200 Years Posted: 17 Jul 2012 08:30 PM PDT from KingWorldNews:
Today Jeffrey Saut told King World News that "the world is in its 3rd 'Super Cycle of the past 200 years." Saut, who is Chief Investment Strategist for $360 billion strongRaymond James, also said, "China has bitten the bullet and they are getting ready to accelerate again." Saut also spoke with KWN about Europe, Japan and gold, but first, here is what Saut had to say about what he calls "the 3rd Super Cycle": "China will be incredibly important going forward in the global economy. They are a key in terms of the world's growth cycle. I think the world is in its 3rd 'Super Cycle of the past 200 years.' The world's GDP growth accelerated with the Industrial Revolution, from 1.7% to 2.7% per year." Jeffrey Saut continues @ KingWorldNews.com
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| Gensler on LIBOR & PFG: Market Regulators Cannot Prevent All Financial Fraud Posted: 17 Jul 2012 07:45 PM PDT from Silver Doctors:
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| Guest Post: Why I Still Fear Inflation Posted: 17 Jul 2012 07:27 PM PDT Submitted by John Aziz of Azizonomics Why I Still Fear Inflation Paul Krugman wonders why others worry about inflation when he sees no evidence of inflationary trends:
Krugman, of course, thinks it crazy and laughable that in the face of years of decreasing interest rates that anyone would believe that inflation could still be a menace. In fact, Krugman has made the point multiple times that more inflation would be a good thing, by decreasing the value of debt and thus allowing the private sector to deleverage a little quicker. I remain convinced — even having watched Peter Schiff and Gonzalo Lira make incorrect inflationary projections — that there is exists the potential of significant inflationary problems in the medium and long term. Indeed, I believe elevated inflation is one of three roads out of where we are right now — the deleveraging trap. In my worldview, this depression — although a multi-dimensional thing — has one cause above all others: too much total debt. Debt-as-a-percentage of GDP has grown significantly faster than productivity:
The deleveraging trap begins with the boom years: credit is created above and beyond the economy's productive capacity. Incomes rise and prices rise above the rate of underlying productivity. And as the total debt level increases, more and more income that was once used for investment and consumption goes toward paying down debt and interest. This means that inflated asset prices become less and less sustainable, making the economy more and more susceptible to a downturn — wherein asset prices deflate, and the value of debt (relative to income) increases further. Under a non-interventionist regime, once the downturn occurs, this would result in credit freeze, mass default and liquidation, as occurred in 1907. However, under an interventionist regime — like the modern Federal Reserve, or the Bank of Japan — the central bank steps in to lower rates and print money to support asset prices and bail out failed companies. This prevents the credit freeze, mass default, drastic deflation and liquidation. Unfortunately, it also sustains the debt load — following 2008, total debt remains over 350% of GDP. The easy money leads to a short cycle of expansion and growth, but the continued existence of the debt load means that consumers and businesses will still have to set aside a large part of their incomes to pay down debt. This means that any expansion will be short lived, and once the easy money begins to dry up, asset prices will again begin to deflate. The downward pressure on prices, spending and investment from the excessive debt load is huge, and requires sustained and significant central bank intervention to support asset prices and credit availability. The economy is put on life-support. Debt-as-a percentage of GDP may gradually fall (although in the Japanese example, this has not been the case) but progress is slow, and the debt load remains unsustainable. A fundamental mistake is identifying the problem as one of aggregate demand, and not debt. Lowered aggregate demand is a symptom of the deleveraging trap caused by excessive debt and unsustainable asset prices. The Fed — and advocates of greater Fed interventionism to support aggregate demand, like Krugman — are mostly advocating the treatment of symptoms, not causes. And the treatment in this case my make the underlying causes worse — quantitative easing and low-interest rates are debt-additive policies; while supporting assets prices and GDP, they encourage the addition of debt. All three exit routes seem blocked. So the reality that we are staring at — and have been staring at for the last four years — has been remaining in the deleveraging trap. There are three routes out of the deleveraging trap; liquidation (destroying the debt via mass default), debt forgiveness (destroying the debt via systematically cancelling it), and inflating the debt away. Liquidation in a managed economy with a central bank is politically impossible. Debt forgiveness is politically difficult, although perhaps the most realistic effective bet. And inflating the debt away at a moderate rate of inflation would seem to be a slow and laborious process — the widely-advocated suggestion of a 4% inflation target would only eat slowly (if at all) into the 350%+ total debt-as-a-percentage-of-GDP load. So why in a deflationary environment like the deleveraging trap would I fear high inflation? Surely this is an absurd and unfounded fear? Well, Japan shows that nations can remain stuck in a deleveraging trap for a long, long time — although Japan has had to take to increasingly authoritarian measures such as mandating the purchase of treasury debt to keep rates low and so to keep the debt rolling. Eventually nations stuck in a deleveraging trap will have to take one of the routes out. But while central banks refuse to consider the possibility of a debt jubilee, and refuse to consider the possibility of allowing markets to liquidate, the only route out remains inflation. Yet the big inflation that would be required to eject the United States from the deleveraging trap makes creditors — the sovereign states from which the US imports huge quantities of resources, energy, components, and finished goods — increasingly jittery.
And it's not like America's Eurasian creditors are doing nothing about this. As I wrote earlier this month:
The Fed is caught between a rock and a hard place. If they inflate, they risk the danger of initiating a damaging and deleterious trade war with creditors who do not want to take an inflationary haircut. If they don't inflate, they remain stuck in a deleveraging trap resulting in weak fundamentals, and large increases in government debt, also rattling creditors. The likeliest route from here remains that the Fed will continue to baffle the Krugmanites by pursuing relatively restrained inflationism (i.e. Operation Twist, restrained QE, no NGDP targeting, no debt jubilee, etc) to keep the economy ticking along while minimising creditor irritation. The problem with this is that the economy remains caught in the deleveraging trap. And while the economy is depressed tax revenues remain depressed, meaning that deficits will grow, further irritating creditors (who unlike bond-flipping hedge funds must eat the very low yields instead of passing off treasuries to a greater fool for a profit), who may pursue trade war and currency war strategies and gradually (or suddenly) desert US treasuries and dollars. Geopolitical tension would spike commodity prices. And as more dollars end up back in the United States (there are currently $5+ trillion floating around Asia), there will be more inflation still. The reduced global demand for dollar-denominated assets would put pressure on the Fed to print to buy more treasuries. Amusingly, this kind of scenario was predicted in 2003 by Krugman himself!:
This is not a Zimbabwe-style scenario, but it is a potentially unpleasant one involving a sharp depreciation of the dollar, and a significant change in the shape of the American economy (and geopolitical reality). It includes the risk of costly geopolitical escalation, including proxy war or war. However, American primary and secondary industries would look significantly more competitive, and significant inflation — while penalising savers — would cut down the debt. Such a crisis would be painful and scary, but — so long as there is no escalation — largely beneficial.
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| Posted: 17 Jul 2012 07:15 PM PDT |
| Gold Discoveries Falling Behind Mined Production Posted: 17 Jul 2012 07:00 PM PDT from KitcoNews:
From 1997-2011, there have been 99 discoveries of gold deposits containing at least 2 million ounces of the metal, totaling 743 million ounces of gold in reserves, resources and past production as of the end of 2011, said the Metals Economics Group in a research report. "Assuming a 75% resource-conversion rate and a 90% recovery rate during production, these 99 discoveries could potentially replace only 56% of the estimated gold mined during the same period, if they are economical to mine," they said in their report,
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| We Don?t Think Gold & Silver Mining Stocks Are Worth Buying Now ? Here?s Why Posted: 17 Jul 2012 06:17 PM PDT For the last 10 months or so we have watched the precious metals mining sector try in vain to put in a decent rally only to run out of steam and disappoint some of its most ardent supporters – including us. Stock prices have tumbled and now present us with cheaper entry levels. Are they worth buying now? We don’t think so. Here’s why we still hold that view. Words: 415 So says Bob Kirtley ([url]www.gold-prices.net[/url]) in edited excerpts from his most recent article* as posted on Seeking Alpha. [INDENT]Lorimer Wilson, editor of [B][COLOR=#0000ff]www.munKNEE.com (Your Key to Making Money!), has edited the article below for length and clarity – see Editor's Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.[/COLOR][/B] [/INDENT]Kirtley*goes on to say, in part: Taking a quick look at the chart*below we can see that the 400 level has been penetrated on the HUI index…The MACD is heading sou...
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| Posted: 17 Jul 2012 05:52 PM PDT Whitney Tilson may have met his match. Canadian commodities hedge fund Salida Capital is no stranger to media notoriety: last October none other than Zero Hedge wrote that "Fund Blamed For Gold Sell Off, Salida Capital, Tumbles 37% In September, 49% YTD" after the fund's infamously timed bet on more easing by the Fed backfired and resulted in losses so severe it was enough to warrant liquidation rumors across all commodity classes, which in turn set off follow on liquidations worries in a self reinforcing feedback loop. In retrospect, anyone who read the caveats about the Toronto-based asset manager would have been wise to get the hell out of dodge, because the firm that simply had used massive amount of leverage to generate ridiculous returns such as +35.84%, -66.50%, +188.55%, 44.88%, and -53.39%, is now down 75% in the last 12 months, meaning anyone who invested $100 with the fund, is down to just $25 (and realistically less when management fees are accounted for). It also means that the fund's Sharpe ratio is borderline negative. Finally, it is precisely such fantastically leveraged contraptions on coin toss-based outcomes that even further undermine what little credibility and standing the last vestiges of real, alpha not beta-focused, asset managers remain in this New Normal of ubiquitous central planning. From Salida:
If there are any silver linings, it is this:
In other words, hopefully it is just the firm's own employees that have had to sit through a dramamine-demanding P&L rollercoaster which despite all the up years looks set for its light out moment. And hopefully any outside investors have lost at most CAD $5,000.
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| Gold and Silver Investors Rotating Into Undervalued Junior Explorers Posted: 17 Jul 2012 03:26 PM PDT The rule of the casino emphasizes that in order for one to be right in the market, the consensus has to believe that you are wrong. The majority goes home empty handed while the few emerge winners. Today there is extreme ... Read More...
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| Sprott's Embry: “I can’t think of a better environment in which to own (physical) gold and silver.” Posted: 17 Jul 2012 03:23 PM PDT
…With regard to precious metals, Embry stated that "We've got a real great opportunity here to buy gold and silver at great prices. Those are the two assets that I'm totally comfortable with in what I see unfolding. And that is an economy that can't get out of it's own way, which will require massive amounts of liquidity." "I can't think of a better environment in which to own (physical) gold and silver," he added, "as opposed to all of these paper assets that people are clinging to." [source]
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| The New Depression: The Breakdown of the Paper Money Economy Posted: 17 Jul 2012 03:10 PM PDT by Richard Duncan "When we broke the link between money and gold, this removed all constraints on credit creation. This explosion of credit created the world we live in, but it now seems that credit cannot expand any further because the private sector is incapable of repaying the debt it has already, and if credit begins to contract, there's a very real danger that we will collapse into a new Great Depression. . .If this credit bubble pops, the depression could be so severe that I don't think our civilization could survive it."
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| Mark Hulbert: Intelligent Bet Remains on Gold Posted: 17 Jul 2012 02:45 PM PDT "With virtually non-existent volume on Monday, I'm not prepared to read much into yesterday's price action." ...
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| Gold: The Remonetisation of Gold? Posted: 17 Jul 2012 02:39 PM PDT Two forces collided head-on. Hundreds of people spent more than 30 years looking for the answer. The Higgs boson discovery? No, gold. After experimenting with fiat currencies, this flawed premise has collided with an equally bigger truth ... Read More...
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| Dear Gold, Thanks for the Diversification Posted: 17 Jul 2012 02:33 PM PDT In these pages we regularly mention the unique attributes of gold bullion investment, and how gold is able to diversify a portfolio like nothing else. We’ve cited a gold investment’s role in Harry Browne’s legendary Permanent Portfolio, the role gold has played in Jim Rogers’ stellar investment record, and why Swiss bankers and traditional money managers always steered clients to put >10% into gold bullion.
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| Posted: 17 Jul 2012 02:21 PM PDT The following is automatically syndicated from Grandich's blog. You can view the original post here. Stay up to date on his model portfolio! July 17, 2012 09:50 AM Peter, My name is Peter Hellemans.*I live in Antwerp, Belgium Just a little elaboration on the question : we’re in gold for years now and as you always have to keep some target in mind, we set it a few years back to +/- 50 000€/kg (we’re at 42K now). I’m sure in a later stage the dollar will go down vs the € but both currencies (and others) will keep on goin’ down versus real assets. Therefor my question how you see this playing out. My best guess (and that’s all it really is – a guess) is that during gold’s rise towards and above new, all-time highs (not nominal), it shall be rising in almost every currency. This should coincide with a true debt crisis in the U.S., whereupon the dollar falls 25%+ from current levels on average. Hi Peter, we are taking applications for Canada...
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| They’re Coming For Your Silver Posted: 17 Jul 2012 02:21 PM PDT The 5 min. Forecast July 17, 2012 11:38 AM Dave Gonigam – July 17, 2012 [LIST] [*]Silver down 43% from last year’s high? Tell it to the thieves who want your silver, anyway [*]Byron King on why the death of analog photography has barely put a dent in industrial demand for silver [*]Dan Amoss identifies the most-likely victim of the drought ravaging the country (aside from your cost of living) [*]“Business cycles don’t work that way”: Chris Mayer eviscerates China’s purported 7.2% GDP growth [*]Currency that melts in your hands… Reader invokes Blue Collar Comedy to skewer central bankers… and more! [/LIST] At $27.31 an ounce this morning, silver is more than 43% off its high set more than a year ago. And some determined thieves in the Nashville area couldn’t care less. At least six homes in Belle Meade, Tenn., have been targeted for their silver in recent months. The tony community is home to the likes of Al Gore and country mus...
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| Gold Seeker Closing Report: Gold and Silver End Slightly Lower Posted: 17 Jul 2012 02:18 PM PDT Gold climbed $9.20 to $1598.70 in Asia before it fell back to as low as $1571.63 by about 10:45AM EST, but it then bounced back higher midday and ended with a loss of just 0.49%. Silver saw a 31 cent gain at $27.62 in Asia before it fell back to $26.809, but it then climbed back near its earlier high and ended with a loss of just 0.22%.
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| Marc Faber Says Gold Is Oversold Posted: 17 Jul 2012 02:18 PM PDT Today's AM fix was USD 1,595.00, EUR 1,296.85, and GBP 1,020.47 per ounce. Yesterday’s AM fix was USD 1,584.00, EUR 1,300.17 and GBP 1,020.68 per ounce. Silver is trading at $27.36/oz, €22.38/oz and &ound;17.59/oz. Platinum is trading at $1,423.00/oz, palladium at $580.40/oz and rhodium at $1,190/oz.
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| Gold Daily and Silver Weekly Charts - Pretty Much Meaningless Posted: 17 Jul 2012 02:06 PM PDT |
| Why should Gold and Silver investors care about the price of oil? Posted: 17 Jul 2012 02:00 PM PDT Oil prices have drastically retreated in the last few months to an 8 month low yet gasoline prices are still only down, on average, 40 cents per gallon nationally. A lot of this is thanks in large part to a secret stimulus from the Saudis to help President Obama, Ben Bernanke and the US consumer. The Saudis accomplished this stimulus by ramping up oil production for a number of powerful reasons that help the US a lot in the short term, but does nothing to solve any long term issues in the oil market or the world financial system.
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| They’re Coming For Your Silver Posted: 17 Jul 2012 01:38 PM PDT Dave Gonigam – July 17, 2012
At least six homes in Belle Meade, Tenn., have been targeted for their silver in recent months. The tony community is home to the likes of Al Gore and country music stars Taylor Swift and Kelly Clarkson. The thieves have no interest in electronics or jewelry. "It's very unusual, because they're targeting silver, and silver only," Detective Tom Sexton tells WSMV-TV. Silverware and silver platters. That's it. "We think they're targeting silver because it is a hard commodity to trace back."
Recall the story from early last year about the guy in the farming/tourist community of Chilliwack, British Columbia, who'd stashed his life savings in the form of silver bars — $750,000 worth — at home. Robbers disguised as police tricked him into letting him inside, whereupon they threatened him with a knife, tied him up and forced him to reveal the combination to his home vault.
But unlike gold, silver also has a substantial role as an industrial metal. And the transition from analog to digital photography isn't changing that. "Even allowing for the loss of the photographic market," Byron explains, "silver usage has taken off in other sectors. Today, you'll find silver in all manner of electronics, from your computer and keyboard to your iPad, cellphone and much more:  "Consider the growing use of electronics in automobiles. Depending on the make and model, there are two or more ounces of silver in every new car that rolls off an assembly line. Last year — in 2011 — there were about 80 million new cars produced globally. If you do the math, it's clear that the auto industry alone uses a lot of silver." "To this automotive demand — an outgrowth of accelerating electronic demand — now add the growing medical uses for silver, as an anti-bacterial agent. And consider the very fast-growing use of silver in solar panels. It all makes for an expanding market for silver, with a tight global supply base." If you're thinking about adding physical precious metals to your portfolio — or adding to your existing stash — you'll want to consider the Hard Assets Alliance. It launched yesterday; Agora Financial is a founding member. Whether it's gold, silver, platinum or even palladium, the Hard Assets Alliance offers the easiest way to buy, store and sell precious metals. And taking delivery is always an option. Opening an account is absolutely free; you can get started right here.
Federal Reserve chairmen seldom if ever tip their hand about policy changes during these hearings, but evidently traders were hoping there's a first time for everything. The S&P is back to about 1,350. Really, that's only 5% off the April 2 high of 1,419. If traders want a new round of easy-money crack, they're going to have to go into much worse withdrawal pangs than they're experiencing now.
Credit goes largely to falling energy prices — which, we'll be rude enough to point out, are rising again this month. The price of nearly everything else rose. Medical care rang up the biggest increase since 2010. Food prices jumped 0.2%, bringing the year-over-year increase in food prices to 2.7%. Any resemblance to your own grocery bill is purely coincidental. Good news for supermarkets? Hardly.
The government is declaring the worst drought since 1956 and Midwest corn is shriveling under a relentless sun, but Dan suggests, "a weak 2012 harvest and high grain prices isn't the end of the world. You can think of it as a temporary wealth transfer from food and grocery companies (and consumers) to crop farmers." "Most crop farmers will benefit from higher prices," he continues, "but many in the food business will get hit as skyrocketing corn and soybean prices work their way through to retail prices for packaged food, meat and dairy." They already are: Grocery chain Supervalu (SVU) made headlines last week with a terrible earnings report. "Supervalu's struggles," says Dan, "are as much a reflection of current economic conditions as they are of poor competitive strategy," he explains. "Like A&P and Winn-Dixie, Supervalu tried to maintain profit margins as same-store sales tanked," he explains. "That strategy failed," and as a result, management feels compelled to match the low prices of discounters like Wal-Mart to drive traffic. "This too will likely fail," says Dan, "since competing on price with Wal-Mart is futile." The situation will only worsen: "Times have been tough for low-income households, and they're about to get tougher for all households." With that in mind, Dan is busily scouting out a juicy short target in the supermarket space.
This morning's Treasury International Capital, or TIC, report shows both of Uncle Sam's biggest foreign creditors added to their U.S. Treasury stashes last month. China remains the biggest holder, at $1.17 trillion, but Japan continues to threaten that status, at $1.09 trillion.
"First, I would really like to put forward the idea that we forget about GDP altogether — not just China's, but everybody's. It's a contrived number. It's a nonsensical abstraction. You would be better off as an investor if you never thought about GDP — ever." "One fatal flaw is that GDP includes government spending. So a government can boost its country's GDP growth rate by spending a lot of money. It could spend billions digging holes and refilling them. As far as GDP goes, this would be counted as a positive." Empty cities? Bridges to nowhere? It's growth! Even taking the numbers at face value, Chris says 7.6% likely won't mark the bottom. "Business cycles don't work that way. Markets boom and then bust. I think China's slowdown ends with a contraction. That's what business cycle theory says. That's what experience suggests. When the government finally runs out of stimulus money, that's what China will have. That's my guess. "Long term, let me be clear: I think China's economy will be much bigger in the future. But just as the U.S. went through all kinds of growing pains on its way to No. 1, China will too."
After releasing 175 million plastic C$50 banknotes in March, the Bank of Canada found to its horror they are now shriveling up like bacon in a frying pan when exposed to heat. Brittney Halldorson, a teller at a British Columbia credit union, told reporters she comes across many bills that are "melted together like chocolate bars in your back pocket. We have seen it a few times now, in which there have been either three-four or five-10 [bills] all melted together":  What did the Bank of Canada do? Deny, deny, deny. Even after being confronted with pictures of melting bills, Bank of Canada spokeswoman Julie Girard said, "The bank has encountered no evidence that polymer bank notes are being affected by heat, as has been suggested in recent news reports." Not satisfied with that, the Bank of Canada then doubled down and declared the new currency "the most-durable bank notes ever issued" in the country. Plans for the release of $10 and $5 denomination notes during the next two years? Still right on schedule. And so it goes…
"And as Ron White would say, 'You can't fix stupid.' Like telling Americans to lock in their cars and SUVs in government garages for a specified period of time, to solve the problems of oil and import bills, certain things cannot work." "Earlier, Mr. Morarji Desai, the finance minister and then the prime minister of India — had tried it. A true all-American solution at that. He ordered all gold deposited with the government. A system soon evolved in which, perhaps for a small something, the clerks accepted gold plating as real gold and issued certificates of deposit." "What do you take Indians for? Hordes of Muslims and Europeans in shiploads tired themselves out dissuading Indians from their love for gold. There was one Golden Temple a few miles from Pakistan border. Now there is another one as well — this a few miles away from where the Tamil Tigers of Sri Lanka had their headquarters." "I wonder how all the central banks of the world manage to recruit persons with one particular skill — of not learning from history."
"We are losing our country, what it stood for, because so many of us were following false idols, beginning in the 1960s… all those Beatles and their ilk, who amassed a tremendous power because all the young things then really thought they could run the world! What they did was turn the world topsy-turvy, making bad mean good et al. They are the ones now responsible for the debacle we face. Let them flagellate themselves, not others!" "I suggest another consumer item for the zombies to buy — "fluorescent," wildly colored flagellant rods, whips to keep themselves in their perpetual frenzy. I am sure that the first on the commercial scene via TV will make zillions! Laissez Faire should take up those great cudgels!" Cheers, Dave Gonigam P.S. "Somewhere down the line we will have a massive wealth destruction," Dr. Marc Faber told CNBC recently." That usually happens either through very high inflation or through social unrest or through war or credit-market collapse." We expect the good doctor will elaborate on those remarks next week at the Agora Financial Investment Symposium in Vancouver… including some specific investment guidance. We'll sum up Dr. Faber's remarks from the Symposium all next week… but we can only scratch the surface in our humble 5 Mins. The best way, hands down, to devour the information coming out of the conference without actually being there is with the high-quality recordings we offer every year. Watch this space for details on how to order.
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The amount of new gold discovered has not kept up with the current pace of mine output, as the easy-to-reach gold deposits are being depleted, said a mining consultancy group on Tuesday.
At $27.31 an ounce this morning, silver is more than 43% off its high set more than a year ago. And some determined thieves in the Nashville area couldn't care less.
You don't have to live in a high-end neighborhood to be at risk of silver thieves.
"Since ancient times, silver has been a store of wealth," says Byron King, "either as coinage or via its use in jewelry." 
Like silver, gold has gyrated a bit in the last 24 hours, but gone essentially nowhere. At last check, the bid was $1589.
Stocks are down this morning; the major indexes went from the green into the red as Fed chief Ben Bernanke testified to Congress.
Consumer prices as twisted by the Bureau of Labor Statistics were flat last month. The year-over-year change works out to 1.7%.
"Something smells in the grocery business," writes our macro strategist, Dan Amoss, "and it smells more like rotten eggs than fresh bread."
Foreign investors vainly searching for safety piled into U.S. Treasuries to the tune of $45.9 billion in May.
"I think the overall macro picture is darkening," says Chris Mayer of China — unimpressed at last week's 7.2% GDP figure.
Canada, in a bold new move to fight inflation, has released a new currency that destroys itself. No central banking system necessary…
"Anand Sinha is stupid," a reader writes after yesterday's item about the Reserve Bank of India encouraging people to trade in their gold for paper instruments.
"Love your readers' comments!" a reader writes about our recent jail-or-hang-the-bankers thread. "They are so incensed, but where were they while all this was going on?"| You are subscribed to email updates from Save Your ASSets First To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
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